Company Overview and News


Add OIC
to your dashboard

Headline News

Canada's WSP crosses 90% threshold to mop up remaining Opus shares

2017-11-09 nzherald.co.nz
WSP Global Inc, a Canadian listed consultancy firm, has crossed the 90 per cent threshold needed to enforce mop-up provisions in its takeover bid for local engineering firm Opus International Consultants, meaning it just needs regulatory approval to close the deal. (5-0)

UEM Edgenta mulls dividend payout

2017-11-03 thestar.com.my
Media briefing: Azmir and chairman Amir Hamzah (right) at the press conference after the company’s meeting. — Bernama (3-1)

WSP Announces that UEM Edgenta, Opus' Main Shareholder, Has Voted in Favour of the Acquisition

2017-11-02 marketwired
MONTREAL, QUEBEC--(Marketwired - Nov. 2, 2017) - WSP Global Inc. (TSX:WSP) ("WSP" or the "Corporation") is pleased to announce that at the Extraordinary General Meeting of UEM Edgenta Berhad (KLSE:EDGENTA) ("UEM Edgenta") held on November 2, a majority of its shareholders have approved the sale of UEM Edgenta's 61.2% stake in Opus International Consultants Limited (NZSE:OIC) ("OIC") to WSP. (5-1)

Brian Gaynor: A tale of shrinking sharemarkets

2017-08-18 nzherald.co.nz
The takeover offer for Opus International Consultants shows once again that the NZX is struggling to hold on to its listed companies. This is a global phenomenon as new stock exchange listings are declining and listed companies are increasingly subject to takeover offers from trade buyers, private equity or other investment groups.

$265m takeover bid for local infrastructure firm

2017-08-15 radionz.co.nz
A Canadian-based engineering consultancy firm has made a $265 million takeover bid for local infrastructure company Opus International.

UEM Edgenta’s gearing to reduce, plans to sell 61.2% in NZ-based subsidiary

2017-08-14 thestar.com.my
UEM Edgenta’s managing director and chief executive officer Datuk Azmir Merican(filepic) said in the statement the proceeds from the exercise would be used mainly to pare down its debts.

REPEAT: WSP Files Notice of Intention to Acquire Opus International Consultants to Strenghten its Presence in Australia/New Zealand

2017-08-14 marketwired
MONTREAL, QUEBEC--(Marketwired - Aug. 14, 2017) - WSP Global Inc. (TSX:WSP) ("WSP" or the "Corporation") is pleased to announce that it has entered into an agreement with UEM Edgenta Berhad (KLSE:EDGENTA) ("UEM Edgenta"), under which WSP will acquire UEM Edgenta's 61.2% in Opus International Consultants Limited (NZSE:OIC) ("OIC"), through a New Zealand takeover offer. WSP has, through a wholly-owned subsidiary, filed a notice of intention to make this takeover offer, in cash, for 100% of the fully paid shares in OIC at NZ$1.

NZ shares rise, led by Contact on earnings outlook

2017-08-14 nzherald.co.nz
New Zealand shares gained as Contact Energy and Heartland Bank rose on positive earnings, while Freightways dropped on concern over margin pressure. Opus International Consultants soared on the prospect of a takeover.

UEM Edgenta plans to sell stake in Opus International

2017-08-14 thestar.com.my
KUALA LUMPUR: UEM Edgenta Bhd has proposed to dispose of its 61.2% equity stake, or 90.51 million shares in its New Zealand-based subsidiary, Opus International Consultants Limited (OIC) for NZ$161.1mil (RM504.1mil) or NZ$1.78 per share.

Payday for ACC fund managers after premium offer for Opus

2017-08-14 nzherald.co.nz
Fund managers employed by the state-owned Accident Compensation Corp are set for a payday after WSP Global Inc, a Canadian listed consultancy firm, offered an 87 per cent premium for Opus International Consultants.

BRIEF-WSP NZ Acquisition announces intended takeover offer for Opus International Consultants‍​

2017-08-14 reuters
* To acquire Opus shares at offer price of NZ$1.78 per Opus share; offer permits payment of dividend of up to 7 cents per share by Opus Source text for Eikon: Further company coverage: (bangalore.newsroom@thomsonreuters.com)

WSP Agrees to Acquire UEM Edgenta Berhad's 61.2% Shareholding in Opus International Consultants and Files Notice of Intention to Acquire Opus International Consultants

2017-08-13 marketwired
MONTREAL, QUEBEC--(Marketwired - Aug. 13, 2017) - WSP Global Inc. (TSX:WSP) ("WSP" or the "Corporation") and UEM Edgenta Berhad (KLSE:EDGENTA) ("UEM Edgenta") are pleased to announce that they have entered into an agreement today under which WSP will acquire UEM Edgenta's 61.2% in Opus International Consultants Limited (NZSE:OIC) ("OIC"), through a New Zealand takeover offer. WSP has today, through a wholly-owned subsidiary, filed a notice of intention to make this takeover offer, in cash, for 100% of the fully paid shares in OIC at NZ$1.

Calls for education changes: 'We can't keep going down this path'

2017-07-03 nzherald.co.nz
Some of New Zealand's top entrepreneurs are warning New Zealand's education system needs to change if the country is going to keep up with a rapidly changing workforce. The comments were made during the latest PwC Herald Talks, Global vs Local, held today at the St James Theatre in Wellington. Keynote speaker and Zuru founder Nick Mowbray said New Zealand did not have a lot of global brands, partly because the education system did not set people up for entrepreneurism.

NZ shares rise; Comvita gains as honey definition mooted, SkyCity up

2017-04-11 nzherald.co.nz
New Zealand shares rose, with Comvita recovering some ground after last week's slump as the government proposed a definition of manuka honey. Tourism Holdings, SkyCity Entertainment Group and Arvida Group were among leading gainers.

Opus International sinks into the red

2017-02-02 nzherald.co.nz
Opus International Consultants sank into the red as a struggling oil and gas sector weighed on the engineering firm's Canadian business, triggering more impairment charges.